So you think you know your huband's finances? Think twice
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If you are still unsure, the following 10 questions will reveal how much you know about your husband's finances.
1. What is your husband's income?
Your husband could be a salary earner, a businessman, a freelancer or a consultant. He could have additional sources of income apart from the regular such as rent from inherited property. Do you know the amount of his consolidated income per month?
2. What is his saving figure?
Do you know how much your husband saves every month? Saving is crucial for any family as it helps to accommodate additional needs and provides for your emergencies.
3. Where has your husband invested?
Many women stay away from the nitty gritties of their husband's investment. Being aware of investments can only be advantageous to you. You never know, you could be a better investor than him.
4. How many credit card does he own?
You may have got one as a gift from your husband, but you should always keep track of how many more credit card your husband holds, in order to shield your family from any sort of credit card frauds.
5. What is your husband's credit score?
Isn't that important? Shouldn't you just know how credible is the person you are married to, in the market? Tomorrow if you need a loan will you get it?
6. What is his personal monthly expenditure?
Good wives don't keep track of their husband's personal expenditure to display their blind faith. But smart wives know about each expense their husband makes. You never know when he could be a victim of bad habits which you can stop before it gets hazardous.
7. Has your husband taken any loan?
Are you aware if your husband has taken any sort of loan? If not you must find out. Loans, if not paid off in the right time can lead you to a debt trap. That unexpected gift for you could have been managed with a payday loan.
8. Is your husband sufficiently insured?
Does your husband has a life and health insurance? Tomorrow if your husband meets an health emergency, who will provide for his treatment. Would your necessities be taken care off long after he is gone? Biting realities that you should know.
9. What are your husband's assets and liabilities?
You must know to assess your financial stability. For your kid's future, for the well being of your family you must know where you stand.
10. Does your husband has any personal financial commitment?
You must know if your husband takes money from his friends and relatives as loan. Any loan lend to acquaintance also need to be taken care of to avoid unpleasant relationship in the future.
Knowing your husband's finances doesn't mean that you are doubting your husband's integrity. It is rather a trait of a responsible wife who supports her husband prudently in all walks of life.
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